Is selling now overdone for the Compound token?

Los Angeles, United States, 7th February, 2023, Chainwire. DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem.

DCG own the Grayscale Bitcoin Trust, which has been trading at a sizeable discount following concern around the reserves held. DCG has begun selling off crypto assets at distressed prices following bankruptcy of Genesis. Market seems to have priced this in, but there could be more twists to come. A...

Bitfinex market report points to bullish metrics for BTC. Supply in Profit, Bitcoin Realised HODL (RHODL) Multiple and Reserve Risk ratio are all flashing green. Bitcoin has traded to above $23k again after slipping on Monday following broader market reaction to economic news. Bitcoin is trading around $23,360 at the...

Crypto billionaires are among those that have suffered the worst from the crypto crash of 2022, seeing billions of dollars wiped from the value of their investments. As markets reeled from a string of big names in crypto filing for bankruptcy, such as Luna and FTX, and global economies struggling due to a raft of different challenges, crypto billionaires looked on in horror as the value of their holdings nosedived almost overnight.

Artificial Intelligence (AI) assets have surged in 2023. In the US, C3.ai stock price has more than doubled. AI cryptocurrencies like SingularityNET, Fetch, and ALI have surged. Artificial Intelligence (AI) has been the most popular phrase in 2023 following the successful unveiling of ChatGPT by OpenAI. In the aftermath, most...

Alameda Research filed for Chapter 11 bankruptcy in November. The defunct Sam Bankman-Fried’s crypto trading house filed for bankruptcy alongside FTX and other affiliated firms. Wallets linked to the firm have suddenly resurrected and transferred millions of FTT tokens. In an unprecedented turn of events, crypto wallets linked to...

RBX will be listed on the BitMart cryptocurrency exchange today, February 8th. RBX is the native token of the ReserveBlock blockchain platform. ReserveBlock will be running an AMA and competitions to celebrate the listing of its RBX token. RBX token to list on the BitMart exchange. Blockchain platform ReserveBlock announced...

Lido DAO community has approved by over 99% of vote to allow for staking rewards distribution across Aave v3 liduidity pools. LDO rewards will now be distributed across Ethereum, Arbitrum and Optimism blockchains. Users earn rewards when they stake Ethereum (ETH) on Lido. Lido, the liquid staking protocol for Proof-of-Stake...

Lightning Network has reached over 5,490 in Bitcoin payments capacity, an all-time high. Transactions in BTC on the layer-2 payments network have increased roughly 63% since January 2022. The increased Bitcoin micropayments via Lightning Network comes as BTC price retreats below $23k after a great rally to start 2023. Lightning...

London is set to host the UK’s biggest blockchain event, with over 3,000 attendees from 65 countries expected. The Blockchain Economy Summit is scheduled for February 27-28. After 4-years of its successful events chain despite the bear market, the Blockchain Economy Summit’s 6th edition is scheduled for February 27-28, to be held in London, UK. This Major crypto event in the UK will host more than 3,000 attendees from 65 countries.

Gifto is a blockchain project in the gifting vertical. The token soared after exchanges like Binance and Gate.io listed it. Gifto price has just gone vertical as the gifting platform continued its evolution. GFT token surged by over 170% in the past 24 hours, according to data compiled by Binance. It jumped to a high of $0.080 as investors welcomed the new developments.

Jasmy Coin price has jumped by over 152% from its 2022 low. The coin has more room to run but a short-term pullback can’t be ruled out. The Jasmy Coin price rose on Monday, continuing a bullish trend that started in December when it dropped to a low of $0.0028. It jumped to a high of $0.0074, the highest point since September 18. It has jumped by over 152% from its lowest point in December, as we wrote here.

Lido DAO price jumped after the developers announced V2 upgrade. The new upgrade will be implemented ahead of Ethereum Shanghai upgrade. Lido DAO LDO price jumped to its highest point since January 24 after the developers unveiled the next steps towards Ethereum’s Shanghai upgrade. LDO crypto jumped to a high of $2.63, which was about 40% above the lowest level this year.

German bank Deutsche Bank AG is said to be negotiating minority stakes in Deutsche Digital Assets and Tradias. A Bloomberg report on Wednesday claimed the deals are being led by Deutsche Bank’s asset management division. DWS Group has previously pointed out the benefits of blockchain to the bank. Deutsche...

Next round of stimulus checks CaliforniaPhoto byUSA Diario. As has been reported, the final round of stimulus check payments to recipients who have not yet been able to collect their money will take place before February 14.

Michael Repetny is the Growth Lead on Marinade, Solana’s largest protocol by TVL. In this op-ed, he offers his view on the future of the chain. Many column inches and Twitter threads have been spent predicting the demise of Solana following the collapse of FTX and Alameda Research in November. Crypto pundits far and wide were eagerly chomping their teeth at the prospect of another crypto collapse and proclaiming the end of the ecosystem.

StarkWare has also joined the Chainlink SCALE program, with Chainlink’s price feeds now live on StarkNet. The partnership will enable further growth and adoption of Web3 services and products on StarkNet. Over $800 billion worth of transactions have been recorded on StarkNet, with more than 95 NFTs minted. STARK-based...

Marathon reports a 45% sequential increase in its monthly BTC production. The digital asset technology company also sold 1,500 bitcoin last month. Wall Street sees upside in Marathon stock to a little under $12 on average. Shares of Marathon Digital Holdings Inc have lost nearly 15% in recent sessions after...

There are many different ways that crypto projects can induce an increase in price, with token burning one of the most clear-cut ways to achieve it. This is because burnt tokens are taken out of the circulating supply, transferring their value to the tokens that are left. This is one...

The Bank of England and HM Treasury published the consultation paper for a Digital Pound on Tuesday, 7 February 2023. The central bank digital currency (CBDC) is envisioned as digital money to work alongside, not replace cash and that households and businesses can use in their everyday life. Yield App...